Tsipras unveils economic plan with €1,000 minimum wage and 50,000 new homes

Speaking in Selanik, Tsipras presented a broad economic roadmap that includes raising the minimum wage to €1,000 by 2027 and increasing the average full-time salary to €1,800 by the end of a four-year period.

One of the plan’s most prominent proposals is a major expansion of affordable housing. Tsipras called for the construction of 50,000 affordable homes over four years, with a particular focus on improving access to housing for young people and lower-income households.

50,000 affordable homes proposed
Tsipras argued that Greece’s housing policy should go beyond simply constructing new properties. He called for a comprehensive state policy designed to make housing more accessible to citizens, particularly amid growing concerns over housing costs.

The economic package also proposes cutting VAT on basic food and hygiene products to 6%. Another measure would eliminate prescription medicine co-payments for pensioners.

Special defence industry zone proposed for Thrace
The plan also includes proposals aimed at boosting regional development and strengthening Greece’s productive capacity.

Tsipras proposed establishing a dedicated defence industry zone in Thrace, alongside increased industrial investment and measures to expand domestic production.

Another proposal calls for relocating five government ministries outside Athens as part of an effort to decentralize public administration and distribute economic activity more widely across the country.

Tsipras’s proposals come as concerns over the cost of living, housing prices and the purchasing power of wages remain prominent issues in Greece. The plan outlines a combination of wage increases, housing investment, tax measures and regional development policies intended to address these challenges.